Complicated 1031 Question

[Wendy Black]

Can you do a partial 1031 and pay taxes on the portion that is not used?

We have a SoCal condo in an LLC that's valued at $500k. We owe $85k. That would leave us $415k profit. Could we take $270k to buy one rental, take about $55k as a down on a second house (both in AZ), and then pay taxes on the remainder? In our case, the second house would be occupied by an ill family member. We would have to cover the mortgage at least partially) for a year or two. Hopefully, he'd be able to pay the rent or buy the house in the future.